Mortgage Acts and Practices

Realtors® applaud new rules from the Consumer Financial Protection Bureau that will help home buyers receive timely, accurate, and easy-to-understand information about their mortgage loan before closing.

On Oct. 16, the House of Representatives passed a bill ending the shutdown of the federal government. The bill was passed by the Senate earlier in the day. President Obama has signed the bill into law.

The U.S. Department of Housing and Urban Development has reportedly postponed a ban that was to prevent real estate professional from representing both buyers and sellers in FHA pre-foreclosure transactions.